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Sovereign Wealth Funds Briefing - Categorized | Market

Australia Future Fund seeks EU stability

Posted on 18 November 2010

From WSJ: Australia’s Future Fund wants guarantees from European governments if it is to invest in debt issued by the stability facility that could be used to bail out Ireland, Chairman David Murray said.
The remarks from the head of Australia’s sovereign-wealth fund, which manages 69 billion Australian dollars (US$67.4 billion), show Europe has much to do to convince investors that its fractious political base is fully backing the European Financial Stability Facility, set up in May and backed by 16 euro-zone members……………………………………….Full Article: Source


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